The start of May has seen a continuation of the weakness in crypto and equities markets and at the moment, there is no indication of any short-term factors that could reverse the bearish trend. Equities markets are also in a downtrend and according to researcher Clara Medalie, the price of stocks from companies with exposure to Bitcoin (BTC) have also taken a notable hit. Bitcoin vs. BTC exposed companies. Source: Twitter Medalie said: “Block, Tesla, Microstrategy and Coinbase are down between… Source link

Over the past 24 hours, Monero’s XMR/USD price has fallen 4.31% to $207.59. This continues its negative trend over the past week where it has experienced a 14.0% loss, moving from $246.37 to its current price. The chart below compares the price movement and volatility for Monero over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or… Source link

ETH price is coiling into a diagonal pattern. Ethereum price printed a large bearish engulfing candlestick. Invalidation of the downtrend is a breach at $3,039. Ethereum price shows a bearish stronghold within the price action. Countertrend trading the ETH price trading is deemed high risk and inadvisable. Ethereum price could continue its decline Ethereum price appears to be coiling within an ending diagonal formation, a hopeful indication for the bulls…. Source link

Solana halted after a flood of network activity caused a cascade failure of the blockchain’s validators Ethereum gas fees surged as Ape DAO members tried to mint NFT land parcels in a proposed Bored Ape Yacht Club metaverse The two preeminent smart contract platforms each ran into performance problems on Saturday after high traffic demands from NFTs temporarily brought transactions to a standstill.  The… Source link

Ethereum’s native token Ether (ETH) faces the possibility of a 35% price correction in Q2 as it comes closer to breaking below its “ascending triangle” pattern. ETH price breakdown ahead? Ether’s price swung between profits and losses on May 2 while trading around $2,825, showing indecisiveness among traders about their next bias. Interestingly, the Ethereum token wobbled in the proximity of a rising trendline that constitutes an ascending triangle pattern in conjugation with a horizontal line… Source link

Ethereum’s transaction fees went through the roof due to the high demand for the highly anticipated virtual land sale related to Yuga Labs‘ metaverse project. The situation turned so bad that Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC), said, “ApeCoin will need to migrate to its own chain to properly scale.” While the non-fungible token (NFT) frenzy burned around 70,000 ETH (worth $2 billion), the market was not impressed. At press time, ether traded 0.8% lower on the day… Source link

Litecoin’s LTC/USD price has increased 4.0% over the past 24 hours to $100.45, which is in the opposite direction of its trend over the past week, where it has experienced a 3.0% loss, moving from $101.74 to its current price. As it stands right now, the coin’s all-time high is $410.26. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the… Source link

Bitcoin (BTC) may continue its “bear market,” one trader says amid hope that a U.S. dollar reversal could soon improve BTC price action. In his latest YouTube update on May 2, Cointelegraph contributor Michaël van de Poppe argued that USD’s current surge would not last long. Dollar strength reversal “close” Bitcoin is still under pressure as stocks and crypto alike face the reality of a major policy flip from the U.S. Federal Reserve. Due to be announced this week, the Fed is tipped to… Source link

Text size Berkshire Hathaway’s Warren Buffett made it clear over the weekend that he has no interest in investing in the world’s largest cryptocurrency. Dreamstime … Source link

Screenshot: YouTube / CNBC Warren Buffett has always been a bitcoin skeptic. But the billionaire investor had his most harsh words yet for the cryptocurrency over the weekend. Buffett made it clear that his opposition to crypto has nothing to do with whether people can make money trading bitcoin. Buffett’s opposition is purely on principle because bitcoin has no intrinsic value. “Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m… Source link